Tag: tax bills

Indian oil majors to go to court over alleged excise tax bills for ethanol

Indian oil majors to go to court over alleged excise tax bills for ethanol

June 10, 2019 |

In India, the Business Standard newspaper reports that the Indian Oil Company and Hindustan Petroleum Corporation are headed to court, saying ethanol is exempt from excise tax and therefore shouldn’t have to pay the combined $625 million tax bill for complying with the national ethanol mandate. The companies say they haven’t been collecting excise tax […]

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